Ikea founder, Kamprad rejects family Feud accusation

Sunday, 22 September 2013It was reported recently that the founder
and chairman of Ikea, Ingvar Kamprad and his three sons had been at
logger head after it emerged that Komprad had a deal in which he would
continue to earn big from the Ikea brand name. He had not disclosed
this to his sons who now control the company. When it was realised it
the sons ganged against their father in a legal dispute.
Now the founder has reacted to the accusation, by accepting that it was
distressing to read such accusations but rejects the feuding with his
sons.

The new book,'Ikea Moving to the Future' had written about internal
family frictions within the Kamprad family, and this is stressful
to the family according to Göran Grosskopf, chairman of the board of
directors for the Ikea group.

Initially, he had declined to comment on the 'allegations' porported in
the book but has since afterwards added that the Kamprad family is
"naturally extremely distressed and disappointed" over suggestions
there is an internal power struggle.

"In all families there are conflicts of course but I do not know of any
conflict which in any way affected the Ikea group," Grosskopf told the
Swedish business daily, Dagens Industri.

Ingvar Kamprad who is now 87 years old created Ikea in 1943 and has
become one of Sweden's largest retail giants in the world. He has been
accused of all types of things from co-operating with the Nazi, using
East German prisoners to build his furniture, tax planning, and tax
dodging among others. Today his is considered one of the riches men on
earth with an estimated fortune of €3.2 billion.

Additional information emerging from the Ikea founder, Ingvar Kamprad,
goes that he considered moving Ikea to the USA. The fear of the Soviet
Union was an important driver for that consideration and also to add
ownership trusts to the company, Bertil Torekull, author and Ingvar
Kamprad's biographer reports Swedish business daily, Dagens Industri.
by Scancomark.com Team

Did you spot any error(s) or had any problem with the above article. Please contact us